What are the reasons for refusing to apply for a credit card?
1. The condition is not up to standard, and the comprehensive score is insufficient.
Each credit card has corresponding application conditions, covering the applicant's age, work income, financial level of assets, personal credit status and many other aspects. However, if the applicant fails to meet certain conditions, such as poor credit and insufficient economic ability, the final comprehensive score may be insufficient, which may lead to the rejection of the application.
2. The information submitted is incomplete and incorrect.
If the application materials submitted to the bank when you apply for a credit card are not complete, it will be difficult for the bank to review it, or it may directly reject your application. And if the information you provide is wrong, it may be rejected by the bank.
3. Too many credit cards, frequently apply for credit cards.
If a person holds too many credit cards, his debt will be too high, which will also be a reason for the bank to reject your credit card application.
4. The applicant has a bad credit record.
Credit card is essentially a micro-credit product. In order to reduce the non-performing rate, banks will strictly control the new credit card customers. Applicants with bad credit records have a high risk of default, so they are likely to be rejected.
In addition, credit "white households" who have no credit record, that is, have never made loans or applied for credit cards, are also easy to be refused visas. This is because credit "white households" have no previous credit foundation, so it is difficult to win the trust of banks, and banks will strictly examine them.
Here is a brief introduction to the knowledge about "what is the reason for the rejection of credit card applications". If the application is unsuccessful, it is recommended to apply again after 6 months and again in the short term. The same bank will reject the application based on the initial application of the credit card. Thank you for reading.